The property was built in 1926 and was bought and renovated by Leon C. Hirsch in 1976, according to property records. The former chairman and chief executive officer of the United States Surgical Corp. had been calling this place home until the property was transferred to his ex-wife, Turi Josefsen, in 2005, public records show. Ms. Josefsen once served as the vice-president of her ex-husband’s company and was one of the highest-paid female executives in America in the early 1990s, according to an American economics book by Edward Luttwak.

According to public records, the estate was foreclosed by TD Bank this August. It was on the market for $42 million in August of 2013 but failed to sell. The property was relisted for $22 million in February this year and the listing was later removed in June, according to Zillow.

The country estate will be auctioned at the property on Nov.16. Phone and online bidding will also be provided by Tranzon Premier Properties.

“We were hired by the current owner, TD Bank, two or three weeks ago,” said Thomas W. Saturley, president at Tranzon.

The reserve price hasn’t been set yet, according to Mr. Saturley. But the auction information page shows potential new owners are required to bring a $250,000 cashier’s check deposit just to walk in the door and place bids.

The estate features a modern barn for equestrian enthusiasts. Designed and built by architect Bartholomew Voorsanger, the custom mahogany and butternut wood 8,000-square-foot equestrian barn and riding arena features seven paddocks, five miles of trails, 11 stalls, as well as hay, tack and entertainment rooms.

The barn comes with staff quarters, a kitchen and an entertaining area with a wall of glass overlooking the grounds and waterfalls.

The property also has two 2,000-square-foot guest cottages, each with three additional bedrooms and an eight-car garage, according to the listing. But the new owner could also choose helicopter commuting, as the estate provides not one, but two helipads.